Overview
Price & Performance
Tax & Distributions
Download Distribution History (Excel)
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(Excel)
Holdings & Allocations
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Fund Profile
Key Facts
| Fund Ticker | ZWB |
|---|---|
|
Net Assets (Mn) (May 29, 2023) |
$ 2,854.17 |
| Base Currency | CAD |
| Closing Market Price | $ 17.74 |
| 12-Month Low/High (Market Price) | $ 17.30 / $ 21.02 |
|
Closing NAV Price (May 29, 2023) |
$ 17.7443 |
| 12-Month Low/High (Price (NAV)) | $ 17.2833 / $ 20.9873 |
|
Annualized Distribution Yield (May 19, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
8.02% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.71% |
| Market Volume | 312,407 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Jan 28, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 160,850 |
| Index | - |
|
Market Cap ($Bn) (Apr 28, 2023) |
581.89 |
| Exchange | TSX |
| CUSIP | 05560U104 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of Canadian banks
- Call option writing reduces volatility
- Professionally managed by BMO Global Asset Management
Risk Rating
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Performance Chart
Growth of 10,000
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (May 29, 2023) |
$ 2,854.17 |
|---|---|
| Market Price | $ 17.74 |
| 12-Month Low/High (Market Price) | $ 17.30 / $ 21.02 |
| Price (NAV) | $ 17.7443 |
| 12-Month Low/High (Price (NAV)) | $ 17.2833 / $ 20.9873 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (May 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 17.74 | $ 0.08 | 0.45% |
| Price (NAV) | $ 17.7443 | $ 0.0850 | 0.48% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Apr 28, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -3.57% | 2.33% | 15.85% | 5.76% | 8.19% | 7.98% |
| Index | - | - | - | - | - | - |
| Apr 28, 2023 |
Calendar Year Performance (%) for period ending: Apr 28, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.70% | -11.15% | 30.84% | 1.81% | 14.27% | -8.08% | 11.62% | 25.26% | -4.12% | 11.66% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 28, 2023 |
Cumulative Performance (%) for period ending: Apr 28, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.70% | 2.44% | -4.19% | 1.86% | -3.57% | 4.72% | 55.47% | 32.34% | 119.67% | 156.18% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 28, 2023 |
Download
Distribution History
| Distribution Period Future distribution dates may change without any prior notice. Footnote | Ex-Dividend Date | Record Date | Pay Date | Cash Distribution Per Unit | Reinvested Distribution Per Unit Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held. Footnote | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Jan, 2023 | Jan 27, 2023 | Jan 30, 2023 | Feb 02, 2023 | 0.120000 | - | 0.120000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.120000 | - | 0.120000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.120000 | - | 0.120000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.120000 | - | 0.120000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.110000 | - | 0.110000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | - | - | - |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | - | - | - |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | - | - | - |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | - | - | - |
| Oct, 2023 | Oct 27, 2023 | Oct 30, 2023 | Nov 02, 2023 | - | - | - |
| Nov, 2023 | Nov 28, 2023 | Nov 29, 2023 | Dec 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2023 | - | - | - |
| Year to Date | 0.590000 | 0.000000 | 0.590000 |
| Distribution Period | Eligible Dividends | Non Eligible Dividends | Other Income | Capital Gains | Return of Capital | Foreign Income | Foreign Tax Paid | Total Distribution per Unit for Tax Purpose The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution. Footnote |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
Download
Daily Holdings
As of May 29, 2023
Stock
99.73%
Cash and Cash Equivalents
0.27%
Number of Holdings
43
Total Net Assets
$ 2,854,169,047.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 23.21% | BMO EQUAL WEIGHT BANKS INDEX ETF | CA0556851016 | ZEB | 19,875,523 | CAD | 665,263,171 | - | Stock |
| 13.42% | BANK OF NOVA SCOTIA/THE | CA0641491075 | BNS | 5,717,498 | CAD | 384,787,615 | Financials | Stock |
| 13.11% | NATIONAL BANK OF CANADA | CA6330671034 | NA | 3,741,403 | CAD | 375,823,931 | Financials | Stock |
| 13.09% | CANADIAN IMPERIAL BANK OF COMMERCE | CA1360691010 | CM | 6,512,027 | CAD | 375,092,755 | Financials | Stock |
| 12.38% | TORONTO-DOMINION BANK/THE | CA8911605092 | TD | 4,485,650 | CAD | 354,904,628 | Financials | Stock |
| 12.36% | BANK OF MONTREAL | CA0636711016 | BMO | 3,077,705 | CAD | 354,151,514 | Financials | Stock |
| 12.16% | ROYAL BANK OF CANADA | CA7800871021 | RY | 2,823,332 | CAD | 348,653,269 | Financials | Stock |
| 0.00% | ZEB CN 05/31/23 C35.85 | - | - | -20,000 | CAD | -2 | - | Cash and Cash Equivalents |
| 0.00% | ZEB CN 06 07 23 C34.7 | - | - | -20,000 | CAD | -148 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF MONTREAL 02Jun2023 122 CALL | - | 1BMO 6 C122 | -2,300 | CAD | -4,600 | - | Cash and Cash Equivalents |
| 0.00% | ROYAL BANK OF CANADA 16Jun2023 132 CALL | - | RY 6 C132 | -3,000 | CAD | -9,000 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 16Jun2023 72 CALL | - | BNS 6 C72 | -5,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN IMPERIAL BANK OF COMM 02Jun2023 59 CALL | - | 1CM 6 C59 | -5,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | TORONTO-DOMINION BANK/THE 16Jun2023 86 CALL | - | TD 6 C86 | -5,000 | CAD | -15,000 | - | Cash and Cash Equivalents |
| 0.00% | TORONTO-DOMINION BANK/THE 09Jun2023 87 CALL | - | 2TD 6 C87 | -4,000 | CAD | -16,000 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF MONTREAL 23Jun2023 124 CALL | - | 4BMO 6 C124 | -3,000 | CAD | -16,500 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF MONTREAL 16Jun2023 127 CALL | - | BMO 6 C127 | -3,000 | CAD | -18,000 | - | Cash and Cash Equivalents |
| 0.00% | NATIONAL BANK OF CANADA 02Jun2023 104 CALL | - | 1NA 6 C104 | -3,000 | CAD | -18,000 | - | Cash and Cash Equivalents |
| 0.00% | ROYAL BANK OF CANADA 16Jun2023 139 CALL | - | RY 6 C139 | -3,000 | CAD | -18,000 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN IMPERIAL BANK OF COMM 16Jun2023 61 CALL | - | CM 6 C61 | -5,000 | CAD | -22,500 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 09Jun2023 70 CALL | - | 2BNS 6 C70 | -5,000 | CAD | -25,000 | - | Cash and Cash Equivalents |
| 0.00% | NATIONAL BANK OF CANADA 09Jun2023 105 CALL | - | 2NA 6 C105 | -3,500 | CAD | -31,500 | - | Cash and Cash Equivalents |
| 0.00% | ROYAL BANK OF CANADA 02Jun2023 139 CALL | - | 1RY 6 C139 | -3,000 | CAD | -34,500 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN IMPERIAL BANK OF COMM 16Jun2023 62 CALL | - | CM 6 C62 | -5,000 | CAD | -35,000 | - | Cash and Cash Equivalents |
| 0.00% | TORONTO-DOMINION BANK/THE 21Jul2023 86 CALL | - | TD 7 C86 | -5,000 | CAD | -35,000 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 02Jun2023 70 CALL | - | 1BNS 6 C70 | -5,000 | CAD | -37,500 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN IMPERIAL BANK OF COMM 02Jun2023 58 CALL | - | 1CM 6 C58 | -2,000 | CAD | -40,000 | - | Cash and Cash Equivalents |
| 0.00% | NATIONAL BANK OF CANADA 21Jul2023 107 CALL | - | NA 7 C107 | -3,000 | CAD | -45,000 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF MONTREAL 09Jun2023 123 CALL | - | 2BMO 6 C123 | -2,300 | CAD | -46,000 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 21Jul2023 70 CALL | - | BNS 7 C70 | -2,200 | CAD | -79,200 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 16Jun2023 69 CALL | - | BNS 6 C69 | -3,500 | CAD | -87,500 | - | Cash and Cash Equivalents |
| 0.00% | BMO EQUAL WEIGHT BANKS INDEX E 16Jun2023 36 CALL | - | ZEB 6 C36 | -20,000 | CAD | -100,000 | - | Cash and Cash Equivalents |
| 0.00% | TORONTO-DOMINION BANK/THE 23Jun2023 85 CALL | - | 4TD 6 C85 | -2,500 | CAD | -107,500 | - | Cash and Cash Equivalents |
| 0.00% | BANK OF NOVA SCOTIA/THE 23Jun2023 69.5 CALL | - | 4BNS 6 C69.5 | -5,000 | CAD | -125,000 | - | Cash and Cash Equivalents |
| 0.00% | CANADIAN IMPERIAL BANK OF COMM 09Jun2023 58.5 CALL | - | 2CM 6 C58.5 | -5,000 | CAD | -135,000 | - | Cash and Cash Equivalents |
| -0.01% | NATIONAL BANK OF CANADA 16Jun2023 103 CALL | - | NA 6 C103 | -3,000 | CAD | -144,000 | - | Cash and Cash Equivalents |
| -0.01% | CANADIAN IMPERIAL BANK OF COMM 23Jun2023 59 CALL | - | 4CM 6 C59 | -5,000 | CAD | -175,000 | - | Cash and Cash Equivalents |
| -0.01% | BANK OF MONTREAL 21Jul2023 121 CALL | - | BMO 7 C121 | -3,300 | CAD | -250,800 | - | Cash and Cash Equivalents |
| -0.01% | ROYAL BANK OF CANADA 23Jun2023 126 CALL | - | 4RY 6 C126 | -3,500 | CAD | -290,500 | - | Cash and Cash Equivalents |
| -0.01% | BMO EQUAL WEIGHT BANKS INDEX E 02Jun2023 35.5 CALL | - | 1ZEB 6 C35.5 | -20,000 | CAD | -300,000 | - | Cash and Cash Equivalents |
| -0.01% | CANADIAN IMPERIAL BANK OF COMM 16Jun2023 58 CALL | - | CM 6 C58 | -5,000 | CAD | -325,000 | - | Cash and Cash Equivalents |
| -0.01% | BMO EQUAL WEIGHT BANKS INDEX E 23Jun2023 35.25 CALL | - | 4ZEB 6 C35.25 | -20,000 | CAD | -340,000 | - | Cash and Cash Equivalents |
| 0.37% | CASH | - | - | 1 | CAD | 10,613,969 | - | Cash and Cash Equivalents |
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Holdings Breakdown
Sector Allocation
has a donut chart divided into 1 range. The range is: 100%, Financials.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, Canada.
Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.
The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.